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Acco Brands Corporation - ACCO STOCK NEWS

Welcome to our dedicated page for Acco Brands Corporation news (Ticker: ACCO), a resource for investors and traders seeking the latest updates and insights on Acco Brands Corporation stock.

Acco Brands Corporation (NYSE: ACCO) is one of the world's largest suppliers of branded office products. With a robust portfolio of industry-leading brands such as AT-A-GLANCE®, Five Star®, Kensington®, Mead®, Swingline®, and many others, Acco Brands generates nearly $1.8 billion in annual revenue and markets its products in over 100 countries. The company operates through three segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International, offering a wide range of products including school notebooks, janitorial supplies, whiteboards, storage and organization products, and computer accessories.

Recent achievements include the launch of innovative Kensington docking stations that support the latest USB-C laptops, a multi-year cost savings program projected to save $60 million annually, and the introduction of the PowerA Lumectra RGB technology for Nintendo Switch controllers. Acco Brands is committed to enhancing shareholder value through continuous innovation, strategic cost reductions, and a strong focus on new product development.

Acco Brands is also dedicated to building a winning culture for its employees, providing global career opportunities in a dynamic and results-oriented environment. The company's financial health is reinforced by a significant improvement in operating cash flow and a reduced debt leverage ratio, demonstrating its resilience in overcoming market challenges.

For more information, visit www.accobrands.com or follow the company on their social media platforms.

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TruSens™ has launched a new range of high-performance humidifiers, the N-200 and N-300, designed for personal and office use. These models feature advanced water filtering technology for cleaner mist and optimal humidity in spaces up to 485 square feet. Key highlights include the exclusive SensorPod™ for humidity monitoring, whisper-quiet operation, and a UV-C option in the N-300 model for bacteria control. With high-capacity tanks allowing up to 80 hours of continuous use and availability at MSRP of $239.00 (N-300) and $179.00 (N-200), TruSens continues to enhance environmental wellness products.

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Kensington has expanded its Professional Video Conferencing Solution by introducing the Universal 3-in-1 Pro Audio Headset Switch (K83300WW) and the H1000 USB-C On-Ear Headset (K83450WW). These products are designed to enhance online presence and productivity for remote and in-office workers. The headset switch allows seamless audio transitions between up to three devices, while the H1000 headset features noise-canceling capabilities for superior communication. Both products are backed by a two-year warranty and are available through the Kensington Store.

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ACCO Brands Corporation (NYSE: ACCO) has appointed Joe Burton to its Board of Directors. Currently the CEO of Telesign Corp., Burton brings extensive experience in technology and product development. His previous roles include CEO and President at Poly and engineering positions at Cisco and Polycom. ACCO Brands Chairman, Boris Elisman, expressed enthusiasm for Burton's appointment, highlighting the importance of technology in ACCO's product portfolio and his expertise in driving digital transformation and growth strategies.

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ACCO Brands Corporation (NYSE: ACCO) reported its Q2 results for the period ending June 30, 2022, revealing net sales of $521.0 million, a 0.6 percent increase year-over-year, with comparable sales rising 5.2 percent. EPS was $0.40, down from $0.50 in 2021. North America saw continued sales growth, but inflation and foreign exchange challenges impacted overall performance. The company projects a conservative outlook for the rest of the year but anticipates margin improvements driven by pricing strategies. A regular dividend of $0.075 per share was declared.

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LucidSound launched the LS100X Wireless Gaming Headset, designed for Xbox Series X|S, on August 3, 2022. Priced at $99.99, it features 130 hours of battery life via Bluetooth and 72 hours in Game Mode. The headset supports both Xbox and PC connections with low-latency options and includes customizable audio settings. This product aims to enhance the gaming experience with spatial sound through Windows Sonic, dual mics, and three EQ modes for tailored audio. LucidSound is part of ACCO Brands, known for its premium gaming accessories.

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The TruSens Performance Series Air Purifiers have been launched to enhance air quality in large commercial spaces. With dual-sided True HEPA and Activated Carbon filters, they eliminate 99.99% of airborne viruses, including Coronavirus. The Z-7000 (MSRP $2,399) is effective for areas up to 2,000 sq. ft. with a CADR of 519 cfm, while the Z-6000 (MSRP $2,039) covers up to 1,750 sq. ft. Both models feature advanced SensorPod technology that adjusts fan speed based on real-time air quality readings. The series boasts ENERGY STAR ratings and a two-year warranty.

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ACCO Brands Corporation (NYSE: ACCO) will release its second quarter 2022 earnings on August 8, 2022, after market close. A conference call and webcast to discuss these results will be held on August 9 at 8:30 a.m. EST. Investors can access the webcast on their Investor Relations website, where it will also be available for replay. ACCO Brands is known for its diverse portfolio of brands that enhance productivity and enjoyment in work, learning, and play.

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Kensington, a brand under ACCO, has launched the Kensington Professional Video Conferencing solution, enhancing productivity for remote and hybrid work. This solution integrates high-resolution webcams, lighting, and software like Kensington Konnect™ for seamless video conferencing experiences. Highlighted products include the W1050 1080p Fixed Focus Webcam and the L1000 Bicolor Ring Light, designed for optimum video quality and user adaptability. Kensington aims to meet the growing demand for professional video solutions as remote work becomes standard.

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FAQ

What is the current stock price of Acco Brands Corporation (ACCO)?

The current stock price of Acco Brands Corporation (ACCO) is $5.3 as of December 20, 2024.

What is the market cap of Acco Brands Corporation (ACCO)?

The market cap of Acco Brands Corporation (ACCO) is approximately 503.0M.

What products does Acco Brands Corporation offer?

Acco Brands Corporation offers a variety of office products, including school notebooks, janitorial supplies, whiteboards, storage and organization products, sheet protectors, indexes, punching products, and computer accessories under brands such as AT-A-GLANCE®, Five Star®, Kensington®, and Mead®.

What are the main operating segments of Acco Brands Corporation?

Acco Brands Corporation operates through three main segments: ACCO Brands North America, ACCO Brands EMEA, and ACCO Brands International.

How much annual revenue does Acco Brands generate?

Acco Brands Corporation generates nearly $1.8 billion in annual revenue.

In how many countries does Acco Brands market its products?

Acco Brands markets its products in over 100 countries across the globe.

What are some recent achievements of Acco Brands Corporation?

Recent achievements include the launch of Kensington's new docking stations, a multi-year cost savings program, and the introduction of PowerA Lumectra RGB technology for Nintendo Switch controllers.

What financial strategies is Acco Brands focusing on?

Acco Brands focuses on innovation, strategic cost reductions, and new product development. They have also improved operating cash flow and reduced their debt leverage ratio.

What is the purpose of Acco Brands' multi-year cost savings program?

The multi-year cost savings program aims to simplify the operating structure, reduce costs through headcount reductions, supply chain optimization, and global footprint rationalization, with anticipated annualized pre-tax savings of at least $60 million.

Who are the target customers for Acco Brands' products?

Acco Brands targets a wide range of customers including schools, homes, and businesses through various channels such as mass retailers, e-tailers, discount and variety chains, and warehouse clubs.

How does Acco Brands support its employees?

Acco Brands is passionate about building a winning culture for its employees by providing a rewarding and challenging career path with opportunities across the globe in a variety of disciplines.

Where can investors find more information about Acco Brands?

Investors can find more information about Acco Brands Corporation by visiting their official website at www.accobrands.com.

Acco Brands Corporation

NYSE:ACCO

ACCO Rankings

ACCO Stock Data

503.01M
89.17M
3.36%
84.93%
1.56%
Business Equipment & Supplies
Blankbooks, Looseleaf Binders & Bookbindg & Relatd Work
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